Crocs (NASDAQ:CROX) Stock: Insider Douglas Treff Sells 10,714 Shares

Crocs, Inc. (NASDAQ:CROX) Director Douglas Treff sold 10,714 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $159.21, for a total value of $1,705,775.94. Following the transaction, the director owned 61,371 shares in the company, valued at approximately $9,770,876.91. This trade represents a 14.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Crocs Stock Down 0.7%

Shares of NASDAQ CROX traded down $1.07 during trading on Friday, hitting $151.86. The stock had a trading volume of 1,095,757 shares, compared to its average volume of 1,207,500. Crocs, Inc. has a 12 month low of $73.21 and a 12 month high of $161.88. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.44 and a quick ratio of 0.86. The company has a market capitalization of $6.94 billion, a PE ratio of 11.34, a PEG ratio of 1.27 and a beta of 1.49. The firm has a fifty day moving average of $122.91 and a two-hundred day moving average of $111.15.

Crocs (NASDAQ:CROX) last released its quarterly earnings results on Thursday, October 29th. The textile maker reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.38. Crocs had a net margin of 16.20% and a return on equity of 49.35%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. During the same period last year, the firm earned $2.92 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Crocs, Inc. will post 14.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Needham & Company LLC boosted their target price on Crocs from $150.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Barclays increased their price target on Crocs from $139.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. The Goldman Sachs Group reiterated a “sell” rating and set a $128.00 price target on shares of Crocs in a report on Friday, October 30th. Robert W. Baird set a $163.00 price objective on Crocs in a research report on Friday, July 31st. Finally, Weiss Ratings upgraded Crocs from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and an average price target of $158.30.

Institutional Trading of Crocs

Hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new position in shares of Crocs during the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc increased its stake in shares of Crocs by 95.9% during the 3rd quarter. Versant Capital Management Inc now owns 290 shares of the textile maker’s stock worth $34,000 after purchasing an additional 142 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Crocs during the 2nd quarter worth approximately $42,000. Heritage Family Offices LLP bought a new stake in shares of Crocs in the 3rd quarter worth approximately $45,000. Finally, Allworth Financial LP bought a new stake in shares of Crocs in the 2nd quarter worth approximately $53,000. Institutional investors own 93.44% of the company’s stock.

Crocs Company Profile

Crocs, Inc is a global footwear company best known for its Crocs brand of casual, lightweight shoes. Its product portfolio includes clogs, sandals, slides, boots and other casual footwear, along with accessories such as Jibbitz charms, which are designed to personalize Crocs shoes.

The company was founded in 2002 and introduced its first clog that year. Crocs has expanded from its original molded footwear into a broader lifestyle brand, offering products for women, men and children through company-operated and third-party retail stores, e-commerce platforms and wholesale partners.

In 2022, Crocs completed its acquisition of HEYDUDE, adding the casual shoe brand to its portfolio.